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2030 CREATING FUTURE: Microfinance spreads with help of IT in Myanmar

9 Mahar Myaing

In a mix of microfinance and information technology, a branch of Myanmar-based BC Finance Ltd. will work with a Japanese IT firm to cut information system costs and free up more money for loans to low-income borrowers.

The microfinance company will begin an experiment in June with Infoteria Corp. to reduce the considerable expenses of operating its information systems and branches. If these costs can be reduced, more small-lot loans can be extended to help meet the growing demand.

For more on this story visit the following link: 2030 CREATING FUTURE: Microfinance spreads with help of IT in Myanmar

Source: The Asahi Shimbun

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